Page:United States Statutes at Large Volume 110 Part 2.djvu/492

110 STAT. 1321-345
PUBLIC LAW 104-134—APR. 26, 1996
with such deHvery to take place at a North American faciHty designated by the Russian Executive Agent. Uranium hexafluoride
deHvered to the Russian Executive Agent pursuant to this paragraph shall be deemed under U.S. law for all purposes to be of
Russian origin. Such uranium hexafluoride may be sold to any
person or entity for delivery and use in the United States only
as permitted in subsections (b)(5), (b)(6) and (b)(7) of this section.
(4) In the event that the Russian Executive Agent does not
exercise its right to enter into an agreement to take delivery of
the natural uranium component of any low-enriched uranium, as
contemplated in paragraph (3), within 90 days of the date such
low-enriched uranium is delivered to the United States Executive
Agent, or upon request of the Russian Executive Agent, then the
United States Executive Agent shall engage an independent entity
through a competitive selection process to auction an amount of
uranium hexafluoride or UsOg (in the event that the conversion
component of such hexafluoride has previously been sold) equivalent
to the natural uranium component of such low-enriched uranium.
An agreement executed pursuant to a request of the Russian Executive Agent, as contemplated in this paragraph, may pertain to
any deliveries due during any period remaining under the Russian
HEU Agreement. Such independent entity shall sell such uranium
hexafluoride in one or more lots to any person or entity to maximize
the proceeds from such sales, for disposition consistent with the
limitations set forth in this subsection. The independent entity
shall pay to the Russian Executive Agent the proceeds of any
such auction less all reasonable transaction and other administrative costs. The quantity of such uranium hexafluoride auctioned
shall be based on a tails assay of 0.30 U^^s. Title to uranium
hexafluoride auctioned pursuant to this paragraph shall transfer
to the buyer of such material upon delivery of such material to
the buyer. Uranium hexafluoride auctioned pursuant to this paragraph shall be deemed under United States law for all purposes
to be of Russian origin.
(5) Except as provided in paragraphs (6) and (7), uranium
hexafluoride delivered to the Russian Executive Agent under paragraph (3) or auctioned pursuant to paragraph (4), may not be
delivered for consumption by end users in the United States either
directly or indirectly prior to January 1, 1998, and thereafter only
in accordance with the following schedule:
Annual Maximum Deliveries to End Users
(millions lbs. V:,Og
equivalent)
Year:
1998
2
1999
4
2000
6
2001
8
2002
10
2003
12
2004
14
2005
16
2006
17
2007
18
2008
19
2009 and each year thereafter
20.
(6) Uranium hexafluoride delivered to the Russian Executive
Agent under paragraph (3) or auctioned pursuant to paragraph
(4) may be sold at any time as Russian-origin natural uranium